Unlock the highest levels of straight-through processing (STP) and streamline your AP workflows with Neil, an AI Accounts Payable Executive, your one-stop automation solution to all your AP woes! From monitoring emails across channels to processing invoices to running n-way matches to the final entry into the ERP and everything in between, Neil handles it all—single-handedly, without human intervention.
Just give us a shout, and we’ll be in touch for a demo of Neil, your AI AP Executive!
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Invoice processing across channels
Managing a high volume of invoices from multiple sources—whether via chat, vendor portals, inbound emails, or other digital channels. This payables automation solution eliminates manual intervention, reducing processing time and minimizing human errors.
Integration with ERP systems
Seamless integration with leading ERP systems, including QuickBooks, NetSuite, Oracle, Infor SunSystems, SAP, and more, makes Neil a versatile payables software that fits right into your existing
financial ecosystem. Whether you’re using a cloud-based or on-premises ERP, Neil connects effortlessly to sync invoice data, approval workflows, and payment processing in real time.
Accurate and fault tolerant ICR
Neil leverages Intelligent Document Processing (IDP) to extract critical invoice data with unmatched accuracy. This means even handwritten or low-quality scanned invoices are processed efficiently, reducing the risk of discrepancies and manual rework with this AP automation software.
24*7 real-time communication with vendors
Neil ensures continuous, real-time engagement with vendors for missing or incorrect invoice details, payment status, transaction updates, and more. By automating vendor communication, businesses can avoid delays, strengthen supplier relationships, and maintain complete transparency in payables automation.
AI workflows
Pre-trained on industry-standard Accounts Payable workflows, Neil understands invoice formats, business rules, and AP process logic right out of the box. This reduces setup time while ensuring compliance with financial regulations and company policies. Neil’s AI workflow automation capabilities also allow businesses to customize and optimize approval flows as per their specific needs.
Powerful dashboard with up-to-date reports
A robust reporting dashboard offers real-time insights into invoices processed, payments completed, outstanding dues, and overall spend analysis. With actionable data readily available, finance teams can make informed decisions, forecast cash flow accurately, and enhance the efficiency of the entire Accounts Payable process.
| Capability | Cognitive Process Automation (CPA) | Robotic Process Automation (RPA) |
|---|---|---|
| Straight-Through Processing (STP) | 95% STP without the need for invoice template preparation | Typically involves partial automation, often requiring predefined templates |
| Learning and Adaptability | Learns from past invoices, identifies patterns, and predicts errors | Limited learning capabilities; requires explicit programming for changes |
| Fraud Prevention | Includes features like handwriting extraction to prevent invoice fraud | Basic rule-based fraud detection, may not be as sophisticated |
| Predictive Learning | Takes actions to prevent or correct errors in future invoices | Lacks sophisticated predictive capabilities; reactive rather than proactive |
| Workflow Optimization | Optimizes AP workflows through reinforcement learning | Follows pre-defined rules and requires significant programming changes |
| Data Analysis and Extraction | Utilizes NLP-powered techniques for accurate identification and extraction in processing invoices and financial documents | Primarily relies on rule-based extraction; less effective for unstructured data |
| Total Cost of Ownership (TCO) | Lower TCO due to higher levels of automation, adaptability, and reduced need for manual intervention, resulting in overall cost savings in AP operations | Higher TCO w.r.t AP operations due to the need for continuous manual intervention |
| Human Error Mitigation | Minimizes human errors in AP process through advanced learning and adaptive capabilities | Prone to human errors, especially when dealing with unstructured data in AP process |
Get started with this automated AP software in less than a week, minimizing disruptions while accelerating efficiency in invoice processing and approvals
Designed for ease of use, this payables automation platform ensures finance teams can navigate, process invoices, and manage approvals with minimal learning curves
Effortless integration with QuickBooks, SAP, Oracle, NetSuite, and more makes this accounts payable software for small businesses and Accounts Payable software for large businesses adaptable to your every existing workflow
Eliminate human errors and inefficiencies with an automated AP software that enables real-time invoice validation, approvals, and payments with minimal oversight
Ensure smooth adoption with expert-led training and round-the-clock assistance, ensuring your payables automation system always runs flawlessly
Access the enterprise-grade Accounts Payable software with flexible pricing models that scale with your needs
Got questions? Find the answers here or just get in touch with us right here!
AP automation leverages technologies like Cognitive Process Automation (CPA) to intelligently route invoices, automate approvals, and significantly reduce processing times, ensuring a streamlined and efficient accounts payable automation process.
Yes, this Accounts Payable automation software eliminates duplicate payments by leveraging AI-driven validation checks, cross-referencing invoice details, and flagging discrepancies in real time. With built-in fraud detection mechanisms, it ensures every invoice is processed only once, safeguarding financial accuracy.
End-to-end AP automation can significantly enhance economic efficiency, saving costs tied to manual processing, reducing errors, and optimizing resource allocation. Recent results from E42 in the manufacturing sector include 96% accuracy in data extraction and saving 100 person-days monthly using this payables automation software.
Yes, this Accounts Payable automation software detects anomalies, flags discrepancies, and enforces validation checks, minimizing fraudulent activities and unauthorized transactions.
By leveraging AI-driven workflows, Accounts Payable automation captures invoices from multiple sources, extracts key data with high accuracy, and seamlessly routes them for validation.
An Accounts Payable automation software streamlines approvals by routing invoices based on predefined business rules, ensuring timely reviews and eliminating manual bottlenecks.
E42’s Accounts Payable automation ensures minimal data ingestion time, allowing enterprises to onboard new invoices, vendors, and payment records in just a few hours.
Yes, an Accounts Payable automation software enables vendors to track invoice status, receive automated updates, and resolve queries through AI-driven self-service portals.
Absolutely! Accounts Payable automation allows enterprises to grant controlled access to external users and vendors, facilitating seamless collaboration and dispute resolution.
CPA-led Accounts Payable automation offers intelligent decision-making, adaptability, and lower TCO, ensuring greater accuracy and scalability compared to rigid RPA-led solutions
An ICR-powered Accounts Payable automation software surpasses OCR by handling complex data, improving accuracy, and learning from variations in invoices for better processing efficiency.
E42’s Accounts Payable automation software is designed for rapid deployment, allowing enterprises to go live within a week with minimal IT dependency.
Non-PO invoices in Accounts Payable automation undergo AI-driven rule-based validation, cross-verifying vendor details, contract terms, and previous transaction history.
E42 is the world’s leading no-code Cognitive Process Automation (CPA) platform to build AI co-workers that automate complex people and process-centric processes across functions, driving enterprise intelligence. The versatility of the E42 platform and the depth of technology used in it have been validated by major technology research companies like NASSCOM and IDC along with software behemoths like Oracle, Microsoft, and SAP!
Make your Accounts Payable Process Intelligent
Get in touch with us for your invoice process automation needs today!
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Refunds/Cancellations
We are offering free access to the platform for a month. Once the free period is over you need to pay the license fee to retain access to the platform. License fee will not be refunded.
If you have any questions about our Refund Policy, please email us at interact@e42.ai
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